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Rotork: FY Adj. Operating Profit To Be In-line With Guidance On OCC Basis

Rotork Plc (ROR.L) issued a trading update covering the four months to 27 October 2019. Order intake improved from a year ago, on an organic constant currency basis, and was also ahead on a year-to-date basis. The Group remains highly cash generative with a strong balance sheet.

For 2019, Rotork projects reported adjusted operating profit to be in-line with management expectations on an organic constant currency basis. Full year adjusted operating margins are expected to show good progress year-on-year.

The Group now expects modestly lower organic constant currency sales year-on-year in 2019. A slightly greater than usual proportion of recent orders are not for delivery until next year, the Group noted.

Rotork Plc will publish its full-year results on 3 March 2020.

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